Warren Buffett: The Investing Strategy For Finding Undervalued International Stocks
In the book – The Snowball: Warren Buffett and the Business of Life, there’s a lengthy quote by Warren Buffett describing his investing strategy from finding opportunities in South Korean companies. Buffett highlighted the value he found in South Korean companies that were trading at low valuations despite being fundamentally strong businesses.
Here’s his quote from the book:
Buffett: Lookit, he said, “this is how I do it. They are quoted in won. If you go to the Internet and look them up on the Korean stock exchange, they have numbers instead of ticker symbols, and they all end in zero unless it’s a preferred stock, in which case you click in five.
If they have a second class of preferred, you don’t click in six,…
